Google’s search revenue miss raises investor concerns about AI monetization

What happened

Google lost up to ten percent of its market value after third-quarter search revenue grew about 12 percent, below analysts’ expected 15 percent, raising investor concerns about AI search monetization. Executive Philipp Schindler acknowledged that fast-growing AI mode queries contributed to the shortfall because of lower monetization, among other factors. Google nevertheless reported its highest annual search query growth rate in five years and announced plans to expand its chatbot ad program in the U.S. and internationally.

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